Correlation
The correlation between EFT and PHYSX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
EFT vs. PHYSX
Compare and contrast key facts about Eaton Vance Floating-Rate Income Trust (EFT) and PIA High Yield Fund (PHYSX).
PHYSX is managed by PIA Mutual Funds. It was launched on Dec 31, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EFT or PHYSX.
Performance
EFT vs. PHYSX - Performance Comparison
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Key characteristics
EFT:
0.10
PHYSX:
1.29
EFT:
0.34
PHYSX:
1.70
EFT:
1.06
PHYSX:
1.31
EFT:
0.15
PHYSX:
0.88
EFT:
0.59
PHYSX:
3.26
EFT:
4.56%
PHYSX:
1.64%
EFT:
14.14%
PHYSX:
4.11%
EFT:
-60.58%
PHYSX:
-19.86%
EFT:
-6.30%
PHYSX:
-1.94%
Returns By Period
In the year-to-date period, EFT achieves a -1.04% return, which is significantly higher than PHYSX's -1.23% return. Over the past 10 years, EFT has outperformed PHYSX with an annualized return of 5.97%, while PHYSX has yielded a comparatively lower 5.16% annualized return.
EFT
-1.04%
2.35%
-4.12%
1.39%
10.46%
10.05%
5.97%
PHYSX
-1.23%
1.88%
-1.34%
5.24%
6.96%
7.09%
5.16%
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Risk-Adjusted Performance
EFT vs. PHYSX — Risk-Adjusted Performance Rank
EFT
PHYSX
EFT vs. PHYSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Floating-Rate Income Trust (EFT) and PIA High Yield Fund (PHYSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
EFT vs. PHYSX - Dividend Comparison
EFT's dividend yield for the trailing twelve months is around 10.18%, more than PHYSX's 8.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFT Eaton Vance Floating-Rate Income Trust | 10.18% | 10.52% | 11.09% | 9.14% | 5.26% | 5.40% | 7.41% | 6.77% | 5.26% | 5.54% | 7.17% | 5.82% |
PHYSX PIA High Yield Fund | 8.01% | 7.65% | 7.42% | 8.23% | 6.14% | 6.31% | 6.76% | 6.51% | 6.37% | 6.10% | 6.40% | 6.32% |
Drawdowns
EFT vs. PHYSX - Drawdown Comparison
The maximum EFT drawdown since its inception was -60.58%, which is greater than PHYSX's maximum drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for EFT and PHYSX.
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Volatility
EFT vs. PHYSX - Volatility Comparison
Eaton Vance Floating-Rate Income Trust (EFT) has a higher volatility of 2.52% compared to PIA High Yield Fund (PHYSX) at 1.35%. This indicates that EFT's price experiences larger fluctuations and is considered to be riskier than PHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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